Individual loans provided to individuals by products / Terms and Tariffs /

Combined credit line terms in the framework of payroll projects

Who can apply

Individual residents of RA between the age of 21-60 who in scope of cooperation agreement are receiving salary via Bank card (at least 1 month).


In accordance with cooperation agreement

Limit type

Revolving with monthly minimum payment requirement

Loan with repayment schedule

Limit provision process

The credit limit is granted via Bank’s payment cards



Nominal interest rate

In accordance with cooperation agreement

Grace period

In accordance with cooperation agreement

Repayment period

In accordance with cooperation agreement

Minimum monthly payment requirement

In accordance with cooperation agreement

Statement day

1 of each month

Payment period starting from the statement date

15 days (16th of each month is considered to be the due date)

According to the schedule


Monthly minimal payment overdue penalty - 0,015 % daily,
Accrued interest overdue penalty- 0,1 % daily

Principal payment overdue penalty - 0.015% daily
Accrued interest overdue penalty - 0.1% daily

Creditworthiness assessment (credit approval criteria)

Important criteria for credit provision are:

1.  To be a three-month employee of the organization
Receive at least one month’s salary with Bank card

2.  Absence of loans with substandard or stricter classification for the last 12 months, absence of overdue or classified loans during the application submission (including guarantees) and total number of overdue days should not exceed 30 days for the previous 12 months.

3.  A required condition for loan provision is the absence of classified loans for the previous 24 months (in case of credit history availability)

4.  The credit amount cannot exceed 8 multiplier of the net salary, and no more than AMD 5 mln

Deadlines for approving or rejecting loan provision

The decision to approve or reject the loan is made within 1 (one) working day.
The loan is granted in case of Bank’s positive decision, within 5 (five) working days maximum.